Stock Market: Sensex and Nifty decline on renewed geopolitical

Stock Market: Sensex and Nifty decline on renewed geopolitical

Ponmudi R, CEO of Enrich Money, an online trading and wealth-tech firm, said. On Monday, the 30-share BSE barometer jumped 355.90 points to close at

Published - May 5, 2026 at 09:19 AM

Crude Oil Prices Fall After 6% Rally Amid US-Iran War

Meanwhile, on the technical outlook, Ponmudi R, CEO of Enrich Money, said that MCX Crude Oil is trading above the ₹9,700 zone, pulling back from recent

May 5, 2026 at 03:05 PM

Banking stocks, IT drag Nifty below 24,000; M&M, Hindalco buck trend

Ponmudi R, CEO of Enrich Money, noted at the open: ...”Elevated crude oil ... News. Business News Companies News Markets News Economy News Forex News

May 5, 2026 at 12:49 PM

Stock Markets Drop In Early Trade On Renewed Geopolitical

Ponmudi R, CEO of Enrich Money, an online trading and wealth-tech firm, said. While the outcome of recent state assembly elections and fresh data indicating

May 5, 2026 at 11:48 AM

Stock markets drop in early trade on renewed geopolitical concerns

Ponmudi R, CEO of Enrich Money, an online trading and wealth-tech firm, said. While the outcome of recent state assembly elections and fresh data indicating

May 5, 2026 at 10:15 AM

Stock markets drop in early trade on renewed geopolitical concerns

Ponmudi R, CEO of Enrich Money, an online trading and wealth-tech firm, said. While the outcome of recent state assembly elections and fresh data indicating

May 5, 2026 at 11:55 AM

Gold witnesses mild gain on MCX, silver drops to Rs 2.43 lakh per

News · Business · Markets; Gold witnesses mild gain on MCX, silver drops to Rs ... Ponmudi R, CEO of Enrich Money. Check Gold, Silver Prices In Major Cities

May 5, 2026 at 10:54 AM

Sensex, Nifty50 Down on Strait of Hormuz Tensions, Weak Rupee

Ponmudi R, CEO of Enrich Money, an online trading and wealth-tech firm, said. While the outcome of recent state assembly elections and fresh data indicating

May 5, 2026 at 11:10 AM

Stock markets drop in early trade on renewed geopolitical concerns

Ponmudi R, CEO of Enrich Money, an online trading and wealth-tech firm, said. While the outcome of recent state assembly elections and fresh data indicating

May 5, 2026 at 11:10 AM

Sensex, Nifty 50 | Stock Market LIVE - Mint

Ponmudi R, CEO of Enrich Money. Overall, the Bank Nifty index maintains a slightly negative to cautious bias, with recovery contingent on sustained buying

May 5, 2026 at 08:28 AM

Today Forecast

Pre-Market Outlook

2026-05-0507:20 AM

Indian equity markets are likely to trade with a cautious bias, as renewed tensions between U.S. and Iranian forces weigh on investor sentiment. Brent crude remains elevated in the $104–107 range, sustaining concerns around potential supply disruptions and reinforcing inflationary pressures.

While the outcome of recent state assembly elections and fresh data indicating foreign portfolio investors have turned net buyers of domestic equities offer some measure of support, the broader mood remains one of restraint. Geopolitical uncertainty and prevailing global risk aversion continue to dominate sentiment, limiting the scope for a sustained upside in the near term.

 

Technical view

Nifty 50

Nifty 50 is currently hovering around the 24,100–24,200 zone, indicating limited follow-through momentum. From a technical standpoint, the 24,300–24,400 range continues to act as a crucial resistance band. A sustained breakout above this zone is necessary to revive bullish momentum and extend the upmove toward 24,600+ levels. On the downside, 23,800 remains a critical support level, and a decisive break below this zone could accelerate weakness toward 23,600–23,400. Momentum indicators remain neutral, with RSI around 52, suggesting a lack of strong directional conviction. Overall, the outlook remains cautious and range-bound, with strength likely to emerge only on a decisive breakout above resistance levels.

 

Bank Nifty

Bank Nifty is trading on a slightly weaker note, currently hovering near the 54,800–54,900 zone, reflecting subdued momentum in banking stocks. On the upside, 55,500–55,600 acts as immediate resistance, followed by a stronger resistance band at 56,000–56,300, where selling pressure is likely to emerge on any recovery. On the downside, 54,500–54,400 serves as immediate support, and a decisive break below this range could accelerate weakness toward 54,000–53,700. Overall, the outlook remains slightly negative with a cautious bias, with sustained buying above resistance required for any meaningful recovery.

Ponmudi R, CEO of Enrich Money

Today Nifty Outlook

NIFTY50

Today Bank Nifty Outlook

BANK NIFTY

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